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Comex Group
Comex Group is the fourth largest paint manufacturer and distributor of paints and waterproofing products in North America, with 3,300 locations. History The Sherwin-Williams Company (SHW), the largest U.S. paint retailer, agreed in November 2012 to acquire closely held Consorcio Comex SA de CV for about $2.34 billion including debt to gain Mexico's largest paint maker. The deal was rejected by Mexico's Comisión Federal de Competencia in November 2013 for antitrust purposes, and a result of such, PPG Industries has agreed to buy Comex for $2.3 billion Sherwin-Williams was still able to purchase Comex' operations in the United States and Canada for $165 million. After the failed bid in Mexico, and before the take-over by PPG, Comex sued Sherwin-Williams for not trying hard enough to seal the deal. In July 2015, after the photo of president Enrique Peña Nieto showing his height difference next to Felipe VI of Spain Felipe VI (;, * eu, Felipe VI.a, * ca, Felip VI, * ...
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New York Mercantile Exchange
The New York Mercantile Exchange (NYMEX) is a commodity futures exchange owned and operated by CME Group of Chicago. NYMEX is located at One North End Avenue in Brookfield Place in the Battery Park City section of Manhattan, New York City. The company's two principal divisions are the New York Mercantile Exchange and Commodity Exchange, Inc (COMEX), once separately owned exchanges. NYMEX traces its history to 1882 and for most of its history, as was common of exchanges, it was owned by the members who traded there. Later, NYMEX Holdings, Inc., the former parent company of the New York Mercantile Exchange and COMEX, went public and became listed on the New York Stock Exchange on November 17, 2006, under the ticker symbol NMX. On March 17, 2008, Chicago based CME Group signed a definitive agreement to acquire NYMEX Holdings, Inc. for $11.2 billion in cash and stock and the takeover was completed in August 2008. Both NYMEX and COMEX now operate as designated contract markets ...
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Private Company Limited By Shares
A private company limited by shares is a class of private limited company incorporated under the laws of England and Wales, Northern Ireland, Scotland, certain Commonwealth countries, and the Republic of Ireland. It has shareholders with limited liability and its shares may not be offered to the general public, unlike those of a public limited company. "Limited by shares" means that the liability of the shareholders to creditors of the company is limited to the capital originally invested, i.e. the nominal value of the shares and any premium paid in return for the issue of the shares by the company. A shareholder's personal assets are thus protected in the event of the company's insolvency, but any money invested in the company may be lost. A limited company may be "private" or "public". A private limited company's disclosure requirements are lighter, but its shares may not be offered to the general public and therefore cannot be traded on a public stock exchange. This is ...
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Mexico City
Mexico City ( es, link=no, Ciudad de México, ; abbr.: CDMX; Nahuatl: ''Altepetl Mexico'') is the capital and largest city of Mexico, and the most populous city in North America. One of the world's alpha cities, it is located in the Valley of Mexico within the high Mexican central plateau, at an altitude of . The city has 16 boroughs or ''demarcaciones territoriales'', which are in turn divided into neighborhoods or ''colonias''. The 2020 population for the city proper was 9,209,944, with a land area of . According to the most recent definition agreed upon by the federal and state governments, the population of Greater Mexico City is 21,804,515, which makes it the sixth-largest metropolitan area in the world, the second-largest urban agglomeration in the Western Hemisphere (behind São Paulo, Brazil), and the largest Spanish language, Spanish-speaking city (city proper) in the world. Greater Mexico City has a gross domestic product, GDP of $411 billion in 2011, which makes ...
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PPG Industries
PPG Industries, Inc. is an American Fortune 500 company and global supplier of paints, coatings, and specialty materials. With headquarters in Pittsburgh, Pennsylvania, PPG operates in more than 70 countries around the globe. By revenue it is the largest coatings company in the world followed by AkzoNobel. It is headquartered in PPG Place, an office and retail complex in downtown Pittsburgh, and is known for its glass facade designed by Postmodern architect Philip Johnson. History 19th century Pittsburgh Plate Glass Company was founded in 1883 by Captain John Baptiste Ford and John Pitcairn, Jr., at Creighton, Pennsylvania. Based in Creighton, Pennsylvania (about 20 miles north of Pittsburgh along the Allegheny River), PPG soon became the United States' first commercially successful producer of high-quality, thick flat glass using the plate process. PPG was also the world's first plate glass plant to power its furnaces with locally produced natural gas, an innov ...
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Paint
Paint is any pigmented liquid, liquefiable, or solid mastic composition that, after application to a substrate in a thin layer, converts to a solid film. It is most commonly used to protect, color, or provide texture. Paint can be made in many colors—and in many different types. Paint is typically stored, sold, and applied as a liquid, but most types dry into a solid. Most paints are either oil-based or water-based and each has distinct characteristics. For one, it is illegal in most municipalities to discard oil-based paint down household drains or sewers. Clean-up solvents are also different for water-based paint than they are for oil-based paint. Water-based paints and oil-based paints will cure differently based on the outside ambient temperature of the object being painted (such as a house.) Usually, the object being painted must be over , although some manufacturers of external paints/primers claim they can be applied when temperatures are as low as . History Paint was ...
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Waterproofing
Waterproofing is the process of making an object or structure waterproof or water-resistant so that it remains relatively unaffected by water or resisting the ingress of water under specified conditions. Such items may be used in wet environments or underwater to specified depths. ''Water-resistant'' and ''waterproof'' often refer to resistance to penetration of water in its liquid state and possibly under pressure, whereas '' damp proof'' refers to resistance to humidity or dampness. Permeation of water vapour through a material or structure is reported as a moisture vapor transmission rate (MVTR). The hulls of boats and ships were once waterproofed by applying tar or pitch. Modern items may be waterproofed by applying water-repellent coatings or by sealing seams with gaskets or o-rings. Waterproofing is used in reference to building structures (such as basements, decks, or wet areas), watercraft, canvas, clothing (raincoats or waders), electronic devices and paper packa ...
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Sherwin-Williams
Sherwin-Williams Company is an American Cleveland, Ohio–based company in the paint and coating manufacturing industry. The company primarily engages in the manufacture, distribution, and sale of paints, coatings, floorcoverings, and related products to professional, industrial, commercial, and retail customers primarily in North and South America and Europe. At the end of 2020, Sherwin-Willams had operations in over 120 countries. History Sherwin-Williams dates from 1866, when Cleveland bookkeeper Henry Sherwin invested in Truman Dunham & Co., a paint distributorship. After the partnership dissolved in 1870, he formed Sherwin, Williams, & Co. with Edward Williams and A.T. Osborn. For its first factory, in 1873 the company acquired a cooperage in Cleveland from Standard Oil. Sherwin-Williams was incorporated in Ohio on July 16, 1884, two years after Osborn sold his interest in the company while retaining the retail operations. The company grew through acquisitions and expans ...
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Enrique Peña Nieto
Enrique Peña Nieto (; born 20 July 1966), commonly referred to by his initials EPN, is a Mexican politician who served as the 64th president of Mexico from 1 December 2012 to 30 November 2018. A member of the Institutional Revolutionary Party (PRI), he previously served as Governor of the State of Mexico from 2005 to 2011, local deputy from 2003 to 2004, and Secretary of Administration from 2000 to 2002. Born in Atlacomulco and raised in Toluca, Peña Nieto attended Panamerican University, graduating with a B.A. in legal studies. After attaining a MBA from ITESM, he began his political career by joining the Institutional Revolutionary Party (PRI) in 1984. After serving as a public notary in Mexico City, he began an ascent through local political ranks in the late 1990s, culminating in his 2005 campaign for Governor of the State of Mexico. As governor, he pledged to deliver 608 ''compromisos'' (commitments) to his constituency to varying levels of success. His tenure was mar ...
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Felipe VI Of Spain
Felipe VI (;, * eu, Felipe VI.a, * ca, Felip VI, * gl, Filipe VI, . Felipe Juan Pablo Alfonso de Todos los Santos de Borbón y Grecia; born 30 January 1968) is King of Spain. He is the son of former King Juan Carlos I and Queen Sofía, and has two elder sisters, Infanta Elena, Duchess of Lugo, and Infanta Cristina. In 2004, Felipe married TV news journalist Letizia Ortiz with whom he has two daughters, Leonor, Princess of Asturias, Leonor (his heir presumptive) and Infanta Sofía of Spain, Sofía. In accordance with the Spanish Constitution of 1978, Spanish Constitution, as monarch, he is head of state and commander-in-chief of the Spanish Armed Forces with the military rank of Captain general of the Army, Captain General,Título II. De la Corona
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Chemical Companies Established In 1959
A chemical substance is a form of matter having constant chemical composition and characteristic properties. Some references add that chemical substance cannot be separated into its constituent elements by physical separation methods, i.e., without breaking chemical bonds. Chemical substances can be simple substances (substances consisting of a single chemical element), chemical compounds, or alloys. Chemical substances are often called 'pure' to set them apart from mixtures. A common example of a chemical substance is pure water; it has the same properties and the same ratio of hydrogen to oxygen whether it is isolated from a river or made in a laboratory. Other chemical substances commonly encountered in pure form are diamond (carbon), gold, table salt ( sodium chloride) and refined sugar ( sucrose). However, in practice, no substance is entirely pure, and chemical purity is specified according to the intended use of the chemical. Chemical substances exist as solids, liqu ...
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Companies Based In Mexico City
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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